Friedrich August von Hayek. Collectivist Economic Planning; Critical Studies on the Possibilities of Socialism. Published By: George Allen & Unwin Ltd, 1938. First Edition, Second print. From 1935 that Hayek edited, containing critiques of socialist planning. The book, titled Collectivist Economic Planning: Critical Studies on the Possibilities of Socialism, includes key essays by Ludwig von Mises, N.G. Pierson, Georg Halm, and Enrico Barone. It argues that central planning is impossible because it lacks the price signals that allow for rational economic calculation, a concept central to the Austrian School of economics. The essays demonstrate the "economic calculation problem," which posits that without private ownership of capital goods, there can be no true market prices, making rational cost accounting and production planning impossible. F. A. Hayek is the most eminent of the modern Austrian economists, and a founding board member of the Mises Institute. Hayek shared the Nobel Prize for Economics in 1974 with Gunnar Myrdal. Condition: A very rare copy. Hardcover in original publisher's blue cloth, lettered gilt at the spine in very good condition. Ex. Library with only only stamp on front free page. slight browning to cloth at spine ends, in a good dust jacket with clear protection cover. Tight, firm binding, clean interior, little page tone. 293 pages, dimension: 22.5 x 15.0 cm. https://www.abebooks.co.uk/first-edition/Collectivist-Economic-Planning-Critical-Studies-Possibilities/31157465983/bd Photos supplement descriptions. "Please View & Used the photos for Part of Description & Further Condition Details"!!! Ship tracked & Insured.